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UK inflation dips 
Interest rates cut down under 
India’s economic growth slows 
No surprise as ECB raises rates 
Trichet criticises ratings agencies, backs Portugal British interest rates are to stay at their record low of 0.5 percent for an 18th consecutive month. It comes as no great surprise but The Bank of England has been under some pressure recently to raise rates to curb above-target inflation. UK inflation was 3.1 percent in July, while the BoE’s target is two percent, but interest rates are being kept low to protect the slowing recovery.
More about: Bank of England, Inflation, Interest ratesCopyright © 2012 euronews
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